OPEN-SOURCE SCRIPT
EMA 9/20 Ribbon
A simple visual indicator that turns the 9 EMA and 20 EMA relationship into an easy-to-read ribbon, helping traders see short-term momentum and directional changes at a glance.
The ribbon changes color based on the relationship between the two EMAs:
- 🟢 Fluorescent Green — EMA 9 is above EMA 20, indicating bullish short-term momentum.
- 🔴 Fluorescent Red — EMA 9 is below EMA 20, indicating bearish short-term momentum.
Rather than adding more lines to an already busy chart, the ribbon makes the fast EMA structure visually clear while leaving price action easy to read.
How I use it
I primarily use the ribbon to observe how the fast EMA structure interacts with slower EMAs, support/resistance, and other important price levels.
For example, traders can watch for the ribbon:
- approaching a key level
- compressing around a level
- crossing through a slower EMA
- establishing itself on the other side
- being rejected and reversing direction
The indicator itself does not generate buy or sell signals. It is intended as a visual tool for reading short-term market structure and should be combined with your own price-action, risk-management, and trading framework.
Default settings: EMA 9 / EMA 20
Works on: Any market and timeframe
Style: Fluorescent green/red momentum ribbon
The ribbon changes color based on the relationship between the two EMAs:
- 🟢 Fluorescent Green — EMA 9 is above EMA 20, indicating bullish short-term momentum.
- 🔴 Fluorescent Red — EMA 9 is below EMA 20, indicating bearish short-term momentum.
Rather than adding more lines to an already busy chart, the ribbon makes the fast EMA structure visually clear while leaving price action easy to read.
How I use it
I primarily use the ribbon to observe how the fast EMA structure interacts with slower EMAs, support/resistance, and other important price levels.
For example, traders can watch for the ribbon:
- approaching a key level
- compressing around a level
- crossing through a slower EMA
- establishing itself on the other side
- being rejected and reversing direction
The indicator itself does not generate buy or sell signals. It is intended as a visual tool for reading short-term market structure and should be combined with your own price-action, risk-management, and trading framework.
Default settings: EMA 9 / EMA 20
Works on: Any market and timeframe
Style: Fluorescent green/red momentum ribbon
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.